The table below shows the national income data of a country with a population of 40 million. Using the information in the table below, answer the following questions. Items RM (million) Wages and salaries Export Wholesale and retail Import Public consumption Subsidies and financial aid Government expenditure Corporate investment Net property income from abroad 35 20 13 10 30 24 40 15 Based on the data given above: a) Calculate the value of GDP using expenditure approach. b) Calculate GDP per capita? c) Differentiate Real GDP and Nominal GDP
The table below shows the national income data of a country with a population of 40 million. Using the information in the table below, answer the following questions. Items RM (million) Wages and salaries Export Wholesale and retail Import Public consumption Subsidies and financial aid Government expenditure Corporate investment Net property income from abroad 35 20 13 10 30 24 40 15 Based on the data given above: a) Calculate the value of GDP using expenditure approach. b) Calculate GDP per capita? c) Differentiate Real GDP and Nominal GDP
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter13: Measuring The Economy's Performance
Section: Chapter Questions
Problem 21AA
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